Historical data display significant volatility, with year-on-year variations, including notable highs and lows. For instance, 2014 experienced a dramatic increase (50%) following a severe decline in 2015 (-60.92%). The recent trend suggests a more stable growth with values steadily increasing from 2021 to 2028. Specifically, in 2023, the export value was $76.074 million, a 2.4% increase from 2022. The forecasted CAGR from 2024 to 2028 is 1.82%, with a cumulative growth rate of 9.44% over the next five years.
Moving forward, key factors influencing the exports of gas turbine engines from Finland will include technological advancements, global energy transitions towards greener sources, and shifting geopolitical landscapes. Increasing investments in R&D and strategic international partnerships are crucial areas to monitor for sustained growth.
